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51 Fitzroy Street, Sandown £1,600,000

  • Block of 12 Self-Contained Apartments
  • Convenient Town Location
  • Ample Off Road Parking
  • Communal Roof Terrace
  • Currently Generating £95,400 per annum
  • Constructed in 2008
  • Ideal 'Buy to Let' Investment
  • Viewing Strictly By Appointment

* Block of 12 Self-Contained Apartments * Convenient Town Location * Ample Off Road Parking * Communal Roof Terrace * Currently Generating £95,400 per annum * Constructed in 2008 * Ideal 'Buy to Let' Investment * Viewing Strictly By Appointment This modern freehold block consisting of 12 2-bedroom apartments is located in the popular seaside town of Sandown. Constructed in 2008, the building benefits from ample off street parking and a roof terrace with excellent views of the sea. All apartments are tenanted and currently generating an annual income of £95,400, making this an excellent 'buy to let' investment for anyone looking to add to an existing portfolio or seeking a readymade income. The apartments have been maintained to a good standard, with the majority of tenants having lived in the block for many years. Each apartment consists of 2 bedrooms (1 en suite), lounge/diner, kitchen and bathroom. Some apartments on the upper floors enjoy good views of the sea. The local town centre, train station with mainland ferry links and the beach are within walking distance. Due to the apartments being tenanted all viewings are strictly by appointment and need to be arranged via The Wright Estate Agency in Shanklin on (01983) 866 822.


51 Fitzroy Street
Sandown PO36 8HQ
County: Isle Of Wight
Sale Type: For Sale
Ref #: SH00000696

*** Please Note ***

Apartment 3 is the only 1-bedroom apartment within the block and was sold at the time of construction. The owner was issued a 99 year lease commencing in 2008, pays an annual ground rent of £250 and is responsible for 1/13th of any maintenance. Apartments 7 and 8 benefit from a mezzanine level, which could serve as a 3rd bedroom and both benefit from direct access to the roof terrace.

Services

Unconfirmed: gas, electric, telephone, mains water and drainage.

Agents Notes

Our particulars are designed to give a fair description of the property, but if there is any point of special importance to you we will be pleased to check the information for you. None of the appliances or services have been tested, should you require to have tests carried out, we will be happy to arrange this for you. Nothing in these particulars is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (whether wired in or not), gas fires or light fitments, or any other fixtures not expressly included, are part of the property offered for sale.


51 Fitzroy Street
Sandown PO36 8HQ
County: Isle Of Wight
Sale Type: For Sale
Ref #: SH00000696

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51 Fitzroy Street
Sandown PO36 8HQ
County: Isle Of Wight
Sale Type: For Sale
Ref #: SH00000696
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